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Black-Led Firm Gig Wage and Green Dot Raise $7.5M Series A to Make Banking Accessible For Workers

The year of 2020 has shown us that our economy requires better financial tools and resources to set us up for success. In an effort to bring modern banking to the global gig economy, fintech companies Gig Wage and Green Dot have come together to forge a strategic long-time partnership and investing relationship to offer reliable banking solutions and finance tools to gig workers — better known as underbanked independent contractors, a press release reports . According to Dallas Innovates , Gig Wage — a Dallas-based Black-led firm — recruited the help of Green Dot as an infrastructure bank partner and helped lead its Series A funding round which raised $7.5 million total, enabling Gig Wage to boost its seamless and popular instant payments platform. “The fast-growing gig economy presents tremendous demand and opportunity for enhanced banking and payments tools and experiences,” said Dan Henry, CEO of Green Dot, in a statement . “We’re thrilled to partner with Gig Wage to grow this...

Njera Perkins

Nov 17, 2020